MoS Finance Anurag Thakur said that banks should treat the Insolvency and Bankruptcy Code as the last resort for resolution of stressed assets and approach the NCLT only when other options have been explored.
For the past three to four years, con jobs or fraudulent companies attracting investments from individuals have risen, so an ordinary investor should first find out whether that company is regulated or not, says SEBI chairman Upendra Kumar Sinha.
Tamil Nadu vigilance officials today conducted searches at seven premises of former DMK minister Pongalur N Palanisamy across the state in connection with a disproportionate assets case.